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Backdated salary increases
I was declared bankrupt in august, finally got all the decisions from the OR and it meant we didn't have any money left for an IPA. Since this decision I have had a salary increase which has been backdated. Can the OR ask for the backdated pay or can they only have the difference going forward? We fully expect to be given…
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Couple miore questions
I should be going br soon. A few more questions I'm afraid. 1 Can I go abroad as an undischarged br? Will the OR take my passport. My boyfriend's sister is ill abroad. 2 Can direct debits for bills be transferred to someone else's bank account even if the bill isn't in their name? 3 Do I need to take all my debts, bills…
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The OR
I thought the purpose of the OR was to tie up your debts and deal with the creditors on your behalf but from reading some peoples posts on here its like they are there to screw as much cash out of you as possible to pay your creditors, which is right?
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Is this approach to BR OK?
Morning all, (it's 5.42 am....) It is looking like we will be going BR within the next month or so. My plan is initially to send a letter requesting all creditors to 'Hold Action' for 28 days and send then all a token payment. I will in addition to this Hold Action letter, cancel their respective direct debits. Meanwhile…
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Considering Bankruptcy - What do you think?
Just looking for advice really. I am 22 years old, and I owe over 30k on credit cards, loans and store cards! Moved in to a rented house with my partner in June, we have joint bank accounts, but no joint financial commitments. Struggling to pay all of the bills at the moment as things have spiralled out of control, I…
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Help with I & E please
1.Some of the staff that I read that people put under I&E is not paid for by me at the moment but if I went BR can I put that staff down????? 2.Also I have a van for my work but also have a car on HPI paying 102 pounds per mnth would I lose this ???? OH uses it to getting kids to school and geting the shopping. 3. Theres…
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Considering bankruptcy and a mortgage
Me and my DH have a joint mortgage of which we have never missed or been late with any repayments over 8 years, including any secured loans on our property. I am considering BR as I have unsecured debts totalling £38 which will take years to clear and my reduced monthly payments are hardly making a dent to clear this…
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Confusion over remission from Court fee
Under remission option number 2 it says income of £12,000 or less. Does income in this scenario mean just wages/drawings or does it include Housing Benefit, Child Benefits, Tax Credits and child maintenance?
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Looking for advice on Shirf pay and overtime...
We currently in process of going bankrupt. Do we have to declare my husbands shift allowance and overtime as income as niether are guarenteed?? He also leases a car from work for £126pm. His name is not on log book, his servicing is included in lease, his tax is included in lease. Basically all he has to do is insure it…
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Bankruptcy questions
I am £30,000 in debt with various credit card companies, bank overdrafts etc. I was paying £150 per month to a DMP for the last 2 years who were managing my debts, then decided to try for an IVA. This was turned down at the creditors meeting as my income is too low (I am a final year student). I was advised by the DMP co.…
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Update
Thought i would give an update OH went B/C 6.11.07, had OR interview a couple of weeks later and was told they would be in touch as need more info on car, still not heard anything so have just had to tax the car, put two new tyres on it ready for the MOT next week and have given it a well overdue oil and filter change ,…
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Should I send letters?
Hi again When I spoke to National Debtline, the adviser suggested I send letters to all of my creditors explaining that I am having problems and to offer a 'token payment' by way of a cheque. The letter it was suggested that I send was a 'Hold Action' (available on the ND website). If I send such a letter, do the creditors…
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Oh oh - here she goes again!
Hiya - I'm back with more questions, sorry!! 1. NT Tax Code - does that start from the date of your bankruptcy and does the OR sort all of that out after the interview - do they back-date it? Is it me that needs to tell my employer I need to go on that code? 2. Pre-paid credit cards - I'm looking at the cashplus - is that…
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What will my bank do
Hi again My bank is RBS. I have two loans with them. Well, actually 1 is a Tesco loan and the settlement is £6,500 with a payment of £303 per month. The other loan is from my own branch and the settlement on that is £18,400 at £312 per month. (Oh, and I have a £3000 OD). Both of these loans are paid the day after my wages…
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struggling to come to terms with this
I have (on the good advice of the debt free wannabe forum) been to see the CAB who, although I am waiting for a second appointment with their debt sepcialist, basically indicated that bankrupcy is my likely outcome. I am 26, i am a nanny, i look after young adults with learning difficulties. i owe about £30k and earn,…
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Help Alliance & Leicester
I remember some time ago someone had a similar problem and I cant remember how they sorted it. Before I went BR I opened an account with A&L (non charging account) and was later informed that it would get closed if I went BR. Opened a Co-Op Account when I went BR. When I went BR I gave all my cards and paperwork to the OR…
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I just destroyed my Credit Card!!
Enough is enough, its time to get serious about this debt free business!! I am scared cos we live off my credit card just now but its time to sort this out once and for all!! OMG!! I can't believe i just did that!
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Please Can Anyone Help Me????
My Husband & i Have Set up An Iva each which we started paying in nov 2007, the pmts are crippling us, would it be possible to still consider bankruptcy? if we did go bankrupt would we lose our jobs? we are both civil servants. Any advice would be appreciated Please
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You are not alone in 2008!!
Saw in the press today that around 130000 insolvencies are expected in the next 12 months. Makes mine and mrs TJ`s pale into insignificance really.........best of luck if you are contemplating it or going through it now. We are all here for you. :beer:
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Take The Bull By The Horns
Two years ago this weekend, Mrs TJ and I dumped the 3 DS`s on a friend and took ourselves off on a long walk along a (Freezing) seafront to have a long discussion about where our finances were going. The company was being shafted and was costing us more and more personal money ( and credit ) to prop up after our main…